{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-273483","form_type":"8-K","ticker":"AEVA","cik":"0001789029","company_name":"Aeva Technologies, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.460569+00:00","generated_at":"2026-06-08T09:59:59.713582+00:00","sec_items":["1.01","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Aeva raises $21.4M via PIPE at $0.58/share; secures up to $125M standby equity facility; appoints Stefan Sommer to board","bullets":["PIPE of 36.8M shares at $0.58/share grossing ~$21.4M from Sylebra ($14.4M) and Adage Capital ($7M).","Standby equity facility: up to $125M of preferred stock (7% dividend, convertible to common) available through Nov 2026.","Advances under facility require at least one new OEM program award with ≥50,000 unit volume and stock price <$3.00.","Stefan Sommer, former ZF Group CEO and Volkswagen board member, appointed as Class I director effective Nov 15.","Sylebra gets board nomination rights: one director at 9% ownership, a second at 14% (waived until 2025 election)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-273483","json":"https://secwatch.observer/filing/0001193125-23-273483.json","markdown":"https://secwatch.observer/filing/0001193125-23-273483.md","text":"https://secwatch.observer/filing/0001193125-23-273483.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789029/000119312523273483/0001193125-23-273483-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789029/000119312523273483/d589637d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T09:59:59.713582+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"139ff9fe5b","claim":"Stefan Sommer was appointed as Class I Director at Aeva Technologies, Inc..","evidence_excerpt":"On November 6, 2023, the Board of Directors of the Company (the “ Board ”) appointed Stefan Sommer to serve as a Class I director effective November 15, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789029/000119312523273483/0001193125-23-273483-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"2494279eef1b306be0b96948b676b81e182ded2e","claim":"Aeva Technologies, Inc. entered into Subscription Agreements with entities affiliated with Sylebra Capital Limited and Adage Capital Management valued at approximately $21.4 million (effective 2023-11-08).","evidence_excerpt":"On November 8, 2023, Aeva Technologies, Inc. (the “ Company ”) entered into Subscription Agreements (the “ Subscription Agreements ”) providing for the purchase of an aggregate of 36,802,299 shares (the “ PIPE Shares ”) of the Company’s common stock, $0.0001 par value per share (the “ Common Stock ”), at a price of $0.58 per PIPE Share (the “ Purchase Price ”) for an aggregate Purchase Price of approximately $21.4 million (the “ Private Placement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789029/000119312523273483/0001193125-23-273483-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"entities affiliated with Sylebra Capital Limited and Adage Capital Management"},{"label":"Value","value":"approximately $21.4 million"},{"label":"Effective","value":"2023-11-08"}],"fact_type":"material_agreement"},{"claim_id":"64e19396884f5c14181c720d312931f783f93f5c","claim":"Aeva Technologies, Inc. entered into Standby Equity Purchase Agreement with entities affiliated with Sylebra Capital Limited valued at up to $125,000,000 (effective 2023-11-08).","evidence_excerpt":"On November 8, 2023, the Company entered into a Standby Equity Purchase Agreement (the “ Facility Agreement ”) with entities affiliated with Sylebra.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789029/000119312523273483/0001193125-23-273483-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"entities affiliated with Sylebra Capital Limited"},{"label":"Value","value":"up to $125,000,000"},{"label":"Effective","value":"2023-11-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}